Insurance Carrier Calls Out for Policy Renewals - Saves $5 Million in Policies a Year
A top five US insurance carrier wanted a cost-effective way to increase customer retention. This company deployed Varolii Interact™ to send personalized, interactive phone messages to customers whose policies were at risk of cancellation due to unpaid premiums.
Using Varolii, this major insurance carrier increased retention 10%, saving over $5 million in policies annually.
Varolii’s proactive communications made it simple for customers to renew policies and make payments immediately – during the phone call. This interactivity helped eliminate many unintentionally cancelled policies, while simultaneously increasing customer retention and satisfaction.